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Stem Cell Manufacturing Market Trends, Growth, Overview, Share Analysis, 2033
Stem Cell Manufacturing Market Overview
Stem Cell Manufacturing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $26.55 billion In 2028 At A CAGR Of 11.2%.
The stem cell manufacturing market size has grown rapidly in recent years. It will grow from $15.78 billion in 2023 to $17.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to advancements in biotechnology, research and development initiatives, clinical trials and therapeutic applications, regulatory framework establishment, investment in infrastructure..
The stem cell manufacturing market size is expected to see rapid growth in the next few years. It will grow to $26.55 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to increased funding and investments, growing therapeutic applications, emergence of cell-based therapies, rise in clinical trials and approvals, customized and patient-specific therapies.. Major trends in the forecast period include focus on 3d bioprinting, expansion in induced pluripotent stem cells (ipscs), automation and robotics integration, standardization and scalability, bioreactor technology advancements..
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Stem Cell Manufacturing Market Major Segments
The stem cell manufacturing market covered in this report is segmented -
1) By Product: Consumables, Instruments, Stem Cell Lines
2) By Application: Research Applications, Clinical Application, Cell and Tissue Banking Applications
3) By End User: Pharmaceutical And Biotechnology Companies, Academic Institutes, Research Laboratories And Contract Research Organizations, Hospitals And Surgical Centers, Cell And Tissue Banks, Other End Users
Key Driver - Geriatric Population Drives The Stem Cell Manufacturing Market
The rise in geriatric population is expected to propel the stem cell manufacturing market. The geriatric population refers to older adults who are 65 years old and beyond. The geriatric population suffers from various diseases due to low immunity and age. Aging increases the risk of chronic diseases and stem cell manufacturing will help in fighting against these diseases. For instance, according to the United Nations Department of Economic and Social Affairs' September 2020 report, a part of the United Nations Secretariat, the population aged 65 and above is projected to rise from 9.3% in 2020 to around 16.0% in 2050. Furthermore, according to October 2021 factsheet published by World Health Organization, a Switzerland-based international public health agency, there will be 1.4 billion individuals over the age of 60 in the world by 2030, up from 1 billion in 2020. Thus, the rising geriatric population is driving the growth of the stem cell manufacturing market.
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Prominent Trend - Technological Advancements Transforming The Landscape Of Stem Cell Manufacturing
Technological advancement is a key trend in the stem cell manufacturing market. Various stakeholders in the market are focusing on leveraging advanced technologies to sustain in the market. For instance, in September 2021, Cellino, a US-based biotech company specializing in stem cell manufacturing, combined AI, machine learning, hardware, software, and lasers to increase yields while lowering expenses related to the production of human cells. The method can eliminate human annotation and the unpredictability by using machine learning and AI.
Stem Cell Manufacturing Market Players
Major companies operating in the stem cell manufacturing market report are Thermo Fisher Scientific Inc., Merck Millipore, Stemcell Technologies, Fujifilm Holdings Corporation, Takara Bio Group, Lonza Group AG, Sartorius AG, Bio-Rad Laboratories, Becton Dickinson and Company, Bio-Techne Corporation, Miltenyi Biotec, Terumo BCT Inc., Corning Inc., Eppendorf AG, ViaCyte Inc., Merck KGaA, Danaher Corporation, Vericel Corporation, American Cryostem Corporation, Cellgenix GMBH, Aspen Neuroscience Inc., Magenta Therapeutics Inc, Pluristem Therapeutics Inc., Takeda Pharmaceutical Company Limited, Daiichi Sankyo Chemical Pharma Co. Ltd., AbbVie Inc., 3D Biomatrix Inc., Worthington Biochemical Corporation, Bico Group, Vericel Corporation .
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Largest And Fastest Growing Region In The Market
North America was the largest region in the stem cell manufacturing market in 2023. Europe was the second-largest region in the stem cell manufacturing market. The regions covered in the stem cell manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Stem Cell Manufacturing Market Report Structure
3. Stem Cell Manufacturing Market Trends And Strategies
4. Stem Cell Manufacturing Market - Macro Economic Scenario
5. Stem Cell Manufacturing Market Size And Growth
…..
27. Stem Cell Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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